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Index · dated entries

The record: a dated index of every entry, newest first

Twelve dated entries running from the December 2020 fund launch to the May 2022 announcements that marked the firm's high-water mark. Each links to the file that carries its sources.

Dense vertical stack of thin record cards seen edge on

Every dated entry in the record

  1. A $250 million investment partnership, as announced Partnership Read: A $250 million investment partnership, as announced
  2. The ESG platform and how the trade press tested it Coverage Read: The ESG platform and how the trade press tested it
  3. The Old Post Office lease: $375 million for a 95-year term Acquisition Read: The Old Post Office lease: $375 million for a 95-year term
  4. The former Celino South Beach, and the Curio conversion Acquisition Read: The former Celino South Beach, and the Curio conversion
  5. The hotel brand positioning, as reported Coverage Read: The hotel brand positioning, as reported
  6. The $23.4 million CMBS loan on Coral Gables retail Financing Read: The $23.4 million CMBS loan on Coral Gables retail
  7. A senior managing director appointment Appointment Read: A senior managing director appointment
  8. A $54 million metro Miami office sale Market Read: A $54 million metro Miami office sale
  9. The Morris Brown campus hotel, from the college’s side Investment Read: The Morris Brown campus hotel, from the college’s side
  10. A trade interview on the $650 million fund Interview Read: A trade interview on the $650 million fund
  11. The Morris Brown College hotel: a $30 million commitment Investment Read: The Morris Brown College hotel: a $30 million commitment
  12. The $650 million hospitality fund and its co-GP structure Fund launch Read: The $650 million hospitality fund and its co-GP structure

What this index does and does not cover

Every item above is a dated event: an announcement, an acquisition, a financing, an appointment, or a piece of coverage. They are ordered by when the event happened, not by when the entry was written, so the sequence reads as the record of a period rather than as a publishing schedule.

Two things sit outside this index. The asset files (the Gabriel Miami, 550 Biltmore Way and the rest) are standing records that get updated as an asset’s position changes, so a single date would misrepresent them. The same applies to the firm files under the firm profile.

There is also a visible gap. The entries stop in May 2022, while the events they lead to run through 2026. That is because the dated entries are announcements, and the later period produced very few: assets left through loan sales, deeds in lieu and foreclosures, none of which anyone issues a release about. The 2024–2026 sequence lives on the asset files instead.

Why the entries stop in 2022

Every dated entry above falls between December 2020 and May 2022. The events they lead to run through 2026. That asymmetry is not a gap in the research; it is a feature of what gets announced and what does not.

Acquisitions, fund launches, partnerships and senior hires all come with a release. There is an interested party who wants them known, and a trade press willing to carry them. Loan sales, deeds in lieu, transfers to special servicing and foreclosures come with nothing. Nobody issues a release about losing a building.

So the later period is documented differently: through reporters who noticed a filing, through servicer commentary on securitised debt, and through the trade press following up on stories it had covered on the way up. That material lives on the asset files, where it attaches to a building rather than to a date.

The shape of this index is therefore informative in itself. A record of announcements is a record of what a firm chose to say, and reading it alone would give a picture that stops abruptly at the high-water mark. That is exactly why the asset files exist alongside it.

How to read an entry

Each entry carries the date of the event, not the date the page was written. Each names the parties the sources named, states figures with their provenance, reported or announced, and links to the asset file where the transaction has consequences.

Where an entry describes an announcement, it says so, and it does not treat the announcement as evidence that what was announced then happened. Where a matter was unresolved at the time of writing, the entry says that too and stops rather than projecting an outcome.

For the standing records that sit behind these events, see the firm profile and the portfolio record. For the instruments the entries keep naming, see deal mechanics.

Sources

  1. GSA Awards, achievements and press highlights: CGI Merchant Group LLC 2022
  2. The Real Deal Map: CGI Merchant’s unravelling real estate investments amid mounting debt woes 10 Jan 2025

Questions on the record

By the date of the event each entry describes, most recent first, not by when the page was written. An entry about a December 2020 announcement sits at December 2020 regardless of when it was compiled.